Philippines vs South Asia: Insurance and financial services
Insurance and financial services over time
- Philippines
- South Asia
How they compare
Philippines currently reports 10.7% against 3.2% in South Asia, a difference of 7.5%.
That makes Philippines's figure about 3.4 times South Asia's.
The two have swapped places 3 times across 49 shared years of data; in 1977 it was South Asia ahead.
Philippines ranks 44th and South Asia ranks 46th of 197 countries.
Across the 6 decades both report, Philippines averaged higher in 2 and South Asia in 4.
Head to head by decade
| Decade | Philippines | South Asia | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 1.2% | 5.7% | 4.5% | South Asia |
| 1980s | 1.6% | 5.1% | 3.6% | South Asia |
| 1990s | 2.1% | 5.6% | 3.5% | South Asia |
| 2000s | 5.9% | 8.8% | 2.8% | South Asia |
| 2010s | 7.8% | 7.6% | 0.2% | Philippines |
| 2020s | 11.4% | 5.0% | 6.5% | Philippines |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Philippines or South Asia?
- Philippines, at 10.7% against 3.2% in South Asia as of 2025.
- What is the difference in insurance and financial services between Philippines and South Asia?
- 7.5%, with Philippines ahead.
- How many years of comparable data are there for Philippines and South Asia?
- 49 years are reported by both, from 1977 to 2025.
- How do Philippines and South Asia rank globally for insurance and financial services?
- Philippines ranks 44th and South Asia ranks 46th of 197 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Insurance and financial services (% of commercial service imports). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.